Fund Manager Talk | How Prateek Poddar picked winners for Bandhan MF’s Innovation Fund
Bandhan Mutual Fund’s Innovation Fund has delivered impressive double-digit gains, outperforming the Nifty 500 TRI significantly since its launch. Prateek Poddar attributes this success to a long-term investment mindset, in-depth research, and diversified stock selection focused on companies demonstrating innovation through profit pool shifts and new product creation. The fund sees consumption as a key […]
After 1000x subscription, check Austere Systems IPO allotment and GMP
Austere Systems’ Initial Public Offering of Rs 16 crore closed with huge oversubscription. Allotment was finalized. Refunds and demat credit are scheduled. Shares will list on the Bombay Stock Exchange SME platform. Investors can check allotment status on KFin Technologies or the Bombay Stock Exchange website. The IPO proceeds will fund working capital and general […]
Patanjali Foods shares in focus as stock turns ex-bonus for 2:1 issue on record date today
Patanjali Foods’ shares turned ex-bonus on Thursday, September 11, following a 2:1 bonus issue. Shareholders who held the stock by Wednesday’s close are eligible to receive two additional shares for each share owned. While the bonus issue expands holdings, the stock’s performance has been mixed, with a year-long decline contrasting recent gains over the past […]
JSW Cement shares in focus as 37 mn shares become free to trade. What lock-in expiry means for investors
Attention traders! 37 million JSW Cement shares, representing 3% of equity and valued at $62 million, become available for trading today as the one-month shareholder lock-in period expires. This event, the largest among peers this month, is expected to increase liquidity but could also create downward pressure if investors choose to sell.
Airfloa Rail Technology IPO opens today with 117% GMP. Check all details before subscription
Airfloa Rail Technology’s SME IPO will launched today. The IPO sees significant investor demand. The company plans to raise approximately Rs 91 crore through a fresh equity sale. The IPO will remain open until September 15. Airfloa manufactures components for Indian Railways and the aerospace and defence sectors.
IT stocks surge as Trump signals progress in US-India trade talks
IT stocks surged following positive comments from Donald Trump regarding US-India trade negotiations, easing concerns about potential tariffs. Optimism surrounding a possible US Federal Reserve rate cut and Infosys’ share buyback further fueled the rally. Investors are anticipating more buybacks from other IT companies, contributing to the sector’s positive momentum.
Asian shares steady as US stocks climb on Fed rate cut hopes
Asian equities displayed mixed performance following Wall Street’s rally, fueled by hopes of Federal Reserve rate cuts after a drop in producer prices. US futures saw slight gains as the S&P 500 reached a new record.
Corporate credit demand likely to revive this quarter, says SBI MD
State Bank of India anticipates a rise in corporate credit demand this quarter. Bond yields are increasing, making bank loans more attractive. Previously, corporations favoured bonds due to lower rates. Reserve Bank of India’s rate cuts had initially boosted bond issuances. India aims to be a major global economy, requiring strong credit growth.
Saree retailers in south set to raise Rs 20,000 crore through IPOs
Several prominent saree retailers from South India, including RSB Retail, Marri Retail, Pothys, and Nalli Silk Sarees, are preparing to launch IPOs in the next 6-8 months, aiming to raise approximately ₹20,000 crore.
Oracle shares surge 43%, co-founder Ellison tops Musk as world’s richest
Oracle shares saw a significant surge. This happened after a strong forecast for its cloud sector. Larry Ellison’s wealth increased substantially. He briefly surpassed Elon Musk as the world’s richest person. OpenAI plans a large purchase of Oracle’s computing power. Oracle is becoming a major player in AI cloud computing. It competes with Microsoft and […]